Can not deliver a scope of work without massive internal strife. This is really a mash-up of many different companies that really need to be spun off. The manufacturing side uses aftermarket for a warranty work workshop and cannibalizes the capacity of the shop.

High integrity, very good people. FMC works very hard to treat people well and make the work satisfying. People are happy to work hard for the benefit of the whole organization. Excellent technology fundamentals relative to the marketplace. FMC has its problems, but key parts of the organization are waking up to those problems. There is a frank and sober understanding at all levels about the need to fix issues. This both very rare in a company this strong, and highly motivating for everyone. FMC is improving because its people very much want to, as opposed to being forced to by the market.

Cons

Large population of motivated, intelligent people vying for advancement in a flat structure. This leads to internal churn as people seek a way up. However, it's very much to the credit of management that this has not been allowed to devolve into toxic politics.

Advice to Management

Embrace the distinctions between managerial and financial accounting. Numerous very positive changes are being pinched off or delayed because of a hard focus on financial accounting measures. Many of these measures are part of the sacred holy canon of GAAP, but nonetheless drive absolutely the wrong behaviour in the execution groups. FMC would be a financial rocket ship almost overnight if this were resolved.